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    Greg Pendy • Clear Street Markets

    Greg Pendy's questions to AST SpaceMobile Inc (ASTS) leadership

    Greg Pendy's questions to AST SpaceMobile Inc (ASTS) leadership • Q2 2025

    Question

    Greg Pendy of Clear Street sought confirmation on the financing for the Legato transaction, asking if the approximately $500 million cost would be covered by asset-backed financing rather than cash from operations.

    Answer

    CFO & Chief Legal Officer Andrew Johnson confirmed this was correct. He explained the just over $500 million obligation is financed through a non-recourse SPV, with payments due in October and March 2026. This financing is separate and apart from the company's core operating funds.

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    Greg Pendy's questions to Planet Labs PBC (PL) leadership

    Greg Pendy's questions to Planet Labs PBC (PL) leadership • Q4 2025

    Question

    Greg Pendy requested elaboration on the 'stabilization' observed in the commercial sector, particularly within agriculture.

    Answer

    CFO Ashley Whitfield Johnson clarified that the agriculture sector is in a much stronger position, with large customers increasing their usage. Planet has aligned its offerings to focus on improving customers' operational efficiencies, which drives tangible ROI. She also noted positive signs and customer expansions in the energy and insurance verticals.

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